Policybazaar.com Launches Self-Inspection Feature for Lapsed Motor Insurance Renewal
Indian insurance aggregator Policybazaar.com has launched a self-inspection video service for lapsed car insurance policies . The new feature allows consumers to avoid the need for a physical inspection hence continue with their request for renewal faster. Turns out that in India, roughly 30% of policies lapse, and to renew coverage one must schedule a physical inspection, which can take between two to five business days. “At Policybazaar, our customers come first, and we keep striving to make insurance buying process hassle-free. The launch of the self-inspect feature is one such step which helps both consumers as well as insurers” – CEO Yashish Dahiya. The feature is available via the company’s Android App and will soon be available for iPhone users. Fine Print: a 360-degree view of the vehicle has to be captured in a single clip without pausing or zooming out. Bottom Line: still the worst company EVER, according to 238 peeps.